Opportunity from local AD

[omx5o]

I don't understand why they need a 50% deposit now. What will they do with the money? Are they short of cash flow or do they just want a mid-summer bonus?

[Harry-57]

If you want it you should buy it. Sounds like maybe you don't want it.

The 50% deposit is unusual. If they lose their AD status before the watch arrives you should be able to get a refund or a credit. If they close down, that's another matter. Your risk, your choice.

[Podmornica]

Originally Posted by omx5o

I don't understand why they need a 50% deposit now. What will they do with the money? Are they short of cash flow or do they just want a mid-summer bonus?

Hey, everybody want some free interest cash these days .. Rates are high .. AD will have 4 months to use his money and generate more profit with it ..

As for the CHNR. I would pass. Firstly, it's not your first choice. Secondly, that watch will be available at any time next year. Market is cooling off fast for PM and TT references.

[1William]

Pass on the watch as it is not what you wanted. Pass on any deposit, anytime. Too many things can occur with the AD and I do not give no interest loans to anyone. You might consider looking elsewhere.

[Manu74]

The CHNR is a great watch, but only buy it when you really want it.
If not, go for a SS GMT and tell your AD.

[Manamana]

I personally think the Rootbeer is > Batman/Batgirl or VTNR. Obviously it's not for you just pass it and leave it for someone who really appreciates it.

[puma1552]

Rule of thumb, especially for multi-thousand dollar purchases: if it's not what you want, don't buy it.

[GONZO2LR]

I think some of you guys are out of your mind...give a deposit...for something that's not even there....a serious no.....and it's not even a watch you want...and she said it's not gonna help you get the watch you want....and you have know them for 35 years!!!
dude...your nothing more than just a customer with money!!!!

[padi56]

Originally Posted by BigPapiDoesItAgain

Hello,
Got a call yesterday from an SA that I know well at a local AD that I have a modest history with both jewelry for wife, including engagement/wedding set, a 214270, 116710LN, TT DJ I bought for my Dad and a Tag. "Offer" was for a 126711 CHNR that is allocated for expected delivery Dec 2023, pay deposit (50%, which is not an insignificant sum, though I can afford it), balance at delivery.

What I was really wanting was a VTNR, BLNR or BLRO on jubilee or 116500 white dial. Not sure if I should just go for the CHNR anyways and see what happens later. She made it clear that making this purchase doesn't push me down the list for any of the other watches - I didn't ask if the reverse was true regarding not buying.

Anyways, I'm a little conflicted, but I have been wanting to add another Rolex piece (haven't added one since 20190, and this seems like a good bird in hand opportunity.

Thoughts on the 50% deposit? I've known this AD for 35 years and live literally right down the street, so probability of getting screwed should be zero, but like I say, that's a fair chunk of money just sitting out there doing nothing.

display model(s):

Speaking for myself would never pay 50% upfront for any watch and would tell the AD respectively the second word is off.

[Cru Jones]

Originally Posted by BigPapiDoesItAgain

What I was really wanting was a VTNR, BLNR or BLRO on jubilee or 116500 white dial.

Keep it simple. Buy only what you want.

[Gaijin]

Something that nobody has mentioned yet.

I don’t know if things have changed but ADs don’t know what is coming in from Rolex and when.

They get a delivery and they go through the box to see what Rolex has sent. An AD cant order anything.

I think. Perhaps this has changed?

[whiskyrolex]

This thread should be renamed to Opportunity FOR Local AD

[BigPapiDoesItAgain]

[QUOTE=GONZO2LR;12913036]I think some of you guys are out of your mind...give a deposit...for something that's not even there....a serious no.....and it's not even a watch you want...and she said it's not gonna help you get the watch you want....and you have know them for 35 years!!!

Just to clarify, she said buying does not kick me off the list for anything else (as in I was worried that if I buy an in-demand watch, someone else that wants an in-demand watch and hasn't gotten one goes ahead of me on the list). Maybe I was silly to even think that, but the Pollyanna in me thinks they are trying to get watches for people that want them, lol.

Anyway, the last couple of times I purchased from them it was still walk in and if they have it, you buy it, so I've never been part of the new game, and am not sure because I'm in a smaller city, perhaps it is a little different?

As far as wanting the watch, I was thinking about my desires: (1) I already have a Pepsi, though it is a 5-digit (2) I wanted a PM piece, but don't really want to spend for a full PM piece (3) I love rose gold (4) The overall aesthetic of the CHNR for me is higher than BLNR or VTNR, though I do like the look and feel on the wrist of a jubilee.

I'm probably going with the CHNR if I can make it happen on my terms, and then just see what they call me on next.

She explained availibility to me like this: They don't know when they are going to be allocated certain pieces (just for example: more or less any GMT, Daytona, Sky Dwellers, etc), but they do apparently get word ahead of time that they will be available to them to sell (maybe that means these are exhibition pieces that have to stay in the store a while??). They can stil order certain pieces - specifically she mentioned any 36 mm DJ, and 41 mm DJs not including SS with fluted WG bezel. We didn't really talk about other pieces. But she did use the language allocation and that for certain in-demand pieces it is not just a show up and they are there type of thing, but apparently they have some knowledge when they are coming. Who know if she is being truthful, but I took her at her word.

[AnthonyMX]

That rootbeer looks sharp!

[aftereffector]

Originally Posted by Gaijin

Something that nobody has mentioned yet.

I don’t know if things have changed but ADs don’t know what is coming in from Rolex and when.

They get a delivery and they go through the box to see what Rolex has sent. An AD cant order anything.

I think. Perhaps this has changed?

Some (if not all) ADs can certainly order some models - Datejust for example - but the lack of clarity around how ADs receive stock is, IMO, intentional. Potential buyers are made to think the AD opens a box every week like it’s Christmas morning. What’ll it be today - a steel Daytona or a YM II?

Those who know aren’t telling, but I’m quite sure the AD has a pretty good idea of when they’re getting something in.

[Robf52]

Originally Posted by KatGirl

Personally, I like the Root Beer better than the watches on your list. The deposit request is used when ordering a specific watch from Rolex. It is
called “an intent to purchase” request. Nothing fishy here. If the AD cannot get the approval from Rolex, for the request, you get your deposit back. Sounds like they know they can get this watch. This watch is stunning IRL. If you like it, and it won’t hurt financially, get it! If not, say “No, thank you. I’ll wait for you to get one of the watches on my list. They should not hold it against you, because you never asked for it. I guarantee they have others who did ask for it. But, your choice.

Agree totally. TT Root Beer is a great piece, but be careful if you feel like you are only settling for it. As far as deposits go, I've done several like that with my AD with no problems.

[KatGirl]

Since you told her you would not give a deposit, I think your decision has been made for you. She will make that same offer, on this very desirable watch, and someone else won’t think twice, knowing it will be his, in 4 short months.

Kat


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[BDII]

It’s a killer, but I’d wait if it isn’t what you want. The BLNR seems to be the most readily available of the SS bunch, I’d zero in on that and be clear which bracelet. Will take time, but will come.

[LC23]

I would buy it either way. Can flip it if you don't like it down the road. no biggie

[worldofoyster]

dont do it

[Laostuh]

Pass. Unless you really wanted it to begin with and wouldn't be buying this to "scratch the itch".

[BigPapiDoesItAgain]

So I started thinking, if I put down 50% and I wait 3 months, that money would've made at most around $100, perhaps a little more in a very conservative cash investment. I have no financial exegencies right now, and when I receive the watch and pay the balance including sales tax, I would have instant equity of at worst around $1500 USD based on what a BNIB complete set is bringing from a Gray dealer if I did flip it (which I don't plan to do, but for the sake of this exercise, I will assume that).

I have trust in this AD based on their position in this community (and mine as well). I'm leaning toward saying yes, even on their terms.

After Panda Daytona, I think my order of preference between CHNR, BLRO jubilee and VTNR jubille are similar with BLNR jubilee a little behind. I'm gonna pop back in there after work today and see what happens.

[KatGirl]

Originally Posted by BigPapiDoesItAgain

So I started thinking, if I put down 50% and I wait 3 months, that money would've made at most around $100, perhaps a little more in a very conservative cash investment. I have no financial exegencies right now, and when I receive the watch and pay the balance including sales tax, I would have instant equity of at worst around $1500 USD based on what a BNIB complete set is bringing from a Gray dealer if I did flip it (which I don't plan to do, but for the sake of this exercise, I will assume that).

I have trust in this AD based on their position in this community (and mine as well). I'm leaning toward saying yes, even on their terms.

After Panda Daytona, I think my order of preference between CHNR, BLRO jubilee and VTNR jubille are similar with BLNR jubilee a little behind. I'm gonna pop back in there after work today and see what happens.

THAT is exactly what I wanted to suggest, but didn’t want to be pushy.
I think that’s a great decision. That watch is stunning IRL!

Kat


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[TickTockChuck]

If it's not what you want then just politely pass and reiterate what you really want. I don't believe in deposits for something that the dealer does not have in hand. Regardless 50% seems steep. Root beer is an nice watch if you really want it. Rolex has a nice look to their everose gold. Good luck in your decision. Cheers!

[DTNSS]

I once bought a CHNR due to a random call from my AD; I didn’t request it. Took it but realized couple of months later I didn’t really like it much and sold it. Probably barely got my money back or lost some. But that was like 4 years ago. Wouldn’t do that again


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[Tylerlsu2008]

I just came to say, nice seeing another member from the OT baw haha. IYKYK

[BigPapiDoesItAgain]

Originally Posted by Tylerlsu2008

I just came to say, nice seeing another member from the OT baw haha. IYKYK

TD forever! I spend too much time over there just like I do here!

[StackLexus17]

I would pass if it isn't what you want.
AD's don't like people waffling on if they want something or not. Tell them what you want and stick to it.

Geaux Tigers